Approval: 500,000.00
Unit: Forward Dropside
Client Location: Cagayan De Oro
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3rd Floor Mega Corner Bldg #77 Congressional Avenue corner Shorthorn Street, Brgy Bahay Toro, Project 8 1106 Quezon City, Philippines
(02)83637539 | (+63)9673322784 | (+63)9171403645
STEP BY STEP:
1. Choose Your Unit: Truck Listings
2. Fill Up the Application Form: Look for the Inquiry Form and Fill up.
3. Wait for a Call: After submitting your application, wait for a account officer from the financing.
4. Schedule Unit Inspection and Verification: The financing company may require the truck to undergo various inspections and verifications, such as stencil of unit (for identification purposes) and verification with the Land Transportation Office (LTO). Coordinate with the staff assigned to schedule these appointments.
5. Approval Process: The approval process typically takes around 3 to 5 working days.
6. Transfer of Ownership Documents: Once your loan application is approved, the dealer or borrower will facilitate the transfer of ownership documents, including the Official Receipt (OR) and Certificate of Registration (CR), into the borrower name.
7. Release of Unit: After completing all the necessary paperwork and payments, the financing company will release the truck to you
DETAILS IN TRUCK FINANCING
BRAND-NEW
➤ Maximum Approval : 80%
➤ Down Payment : 20%
➤ Monthly Interest : 1%
➤ Months to pay: 12,24,36,48 and 60 months
➤ Processing pay : 6% of approval
➤ Insurance : quote upon approval
DETAILS IN TRUCK FINANCING
2ND HAND TRUCK
➤ Maximum Approval : 70%
➤ Downpayment : 30%
➤ Monthly Interest : 1.3%
➤ Months to pay: 12 , 24, and 36 months
➤ Processing pay : 7% of approval
➤ Insurance: quote upon approval
REQUIREMENTS IN TRUCK FINANCING / SELF – EMPLOYED
2 VALID GOV’T ID (PRINCIPAL)
➤ DTI / SEC
➤ MAYOR’S PERMIT / BRGY BUSINESS PERMIT
• 2MONTHS TRANSACTION RECEIPT (resibo)
• CONTRACT (if available)
• 2MONTHS TRUCK BILLING (if available)
➤ LAST 3MONTHS BANK STATEMENT/ PASSBOOK
➤ ELECTRIC BILL / WATER BILL LATEST
➤ PROOF OF BILLING (BRGY CLEARANCE OR INTERNET BILL)
➤ MARRIAGE CONTRACT (IF MARRIED)
➤ PROOF OF INCOME (SPOUSE)
➤ OWNED EXISTING UNIT (TRUCK)